Not to argue, but my friends employer, the state prison system, did not offer any financial planning or advice to employees and instead provides a list of private firms/individuals you may contact if you wish and all either charge a fee or take a rake-off from the insurance policies and equities they recommend and sell. So he took advantage of the only service that was available to him and it was inadequate.
I seriously doubt your planner is doing all that work out of the goodness of his heart either. Most likely he is taking a substantial commission from all that insurance you mentioned and probably from investment securities he has been selling you all over the years. That is the way the game is played in all the American and European economies.
Frankly if you have insurance to cover unexpected tax bills, you should become an agent and start selling that in this country. You could make billions of dollars doing that.
